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Free Access(M18) 156.22 & 157.69 Levels Key This....>
BUND TECHS: (M18) 156.22 & 157.69 Levels Key This Week
*RES 4: 158.28 100-DMA
*RES 3: 158.16 Daily Bull channel top
*RES 2: 157.69 High Mar 5
*RES 1: 157.36 High Mar 8
*PREVIOUS CLOSE: 157.05
*SUP 1: 156.88 Low Mar 9
*SUP 2: 156.28 21-DMA
*SUP 3: 156.22 Low Mar 8
*SUP 4: 155.25 Low Feb 20
*COMMENTARY: The correction from March highs so far has found support around the
daily bull channel base off Feb 15 lows (156.42) and the 21-DMA. Bears now need
a close below 156.22 to shift focus back to 154.62-155.25 where Feb lows are
noted. Bulls continue to look for a close above 157.69 to regain the upper hand
and initially target 158.16-39 where the 100-DMA is situated. Overall focus
shifts to 159.27-58 on a break of 157.69.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.